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Here is today’s Breaking News from Letting Agent Today. Join the debate by leaving a comment below a story - you will need to be logged-in to do this.

Breaking News

Property Fraud - Agents have key role to deter crime

An hour-long webinar this week aims to inform agents how to deter property fraud by greater emphasis on compliance, due diligence and verification. The event - at...

Short let units should switch to mainstream rentals, says agent

A prominent agent says the shortage of rental property is now so acute, and like to get still worse, that those letting short-lets Airbnb-style homes should...

Top agent joins with Rightmove to explain how to boost business

Rightmove is hosting a new webinar this week for agents, focused on navigating the current rental market. Taking place tomorrow the webinar will be presented by trainer...

New franchisees wanted as network opens latest office

A Winkworth franchisee has opened his fourth office in the same region in four years. Jamie Moore has opened a new office in Eaton, a suburb of...

Evicted tenant allegedly had bow and arrow while confronting agent

It’s been reported that a tenant being evicted from a property in west Wales is alleged to have threatened the lettings agent while in possession of...

Controls on Airbnb are “hugely disproportionate’ - claim

New measures to reduce the impact of Airbnb and other short lets in Scotland are “hugely disproportionate” a property group claims. The Scottish Government says local authorities must...

Up! Up! Up! - Rents rise for the fifth consecutive quarter

Average UK rents increased for the fifth consecutive quarter in Q4 2021 according to The Deposit Protection Service, as stock shortages continue. Average rents reached £834 during...

Central London rents: Bullish forecast for 2022

Central London rents are now 7.5 per cent higher than pre-pandemic levels. A detailed analysis of just 100 properties by property consultancy JLL focussed on the areas...

Agency consolidation continues as yet another independent goes

Ballantynes agency in Scotland has snapped up Edinburgh letting firm Capital Lettings. Capital founder David Smith is retiring and all existing staff and its rental portfolio will...

Expelled by Ombudsman - rogue agents who refuse to pay compensation

Two agencies have been expelled from The Property Ombudsman scheme for failing to pay compensation awards. Thamlet Estates, based in east London, failed to honour an award...

140-year-old agency snapped up by even older rival

There’s been yet another acquisition of an independent agency. Leeds-based property company, Adair Paxton, has snapped up longstanding Rothwell estate agent, William Denton and Son, which was...

New insurance product for agents from deposit alternative supplier

Deposit alternative service Zero Deposit has received another £1.8m investment- just as it launches its own insurance service. The fundraise provides capital to launch the new insurer...

Build To Rent backers jump on government Levelling Up bandwagon

The trade body which serves as a cheer leader for Build To Rent says the niche sector is part of the government’s Levelling Up agenda. The British...

Massive £120m Build To Rent deal revealed by volume builder

Volume developer Crest Nicholson has announced its biggest Build To Rent deal, worth £120m, organised in tandem with financial firm Oaktree. The transaction involves the sale of...

HMRC conducting short-notice visits to agents says compliance chief

HM Revenue & Customs officers are paying short-notice visits on letting and estate agents to check on their anti-money laundering compliance, it’s been claimed. A statement from...

Embrace training and qualifications, letting agents urged

Letting agents who embrace training and qualifications - beyond those which are mandatory - will help create trust and transparency. That’s the view of the Association of...

Agents use new ID tech for Right To Rent checks from April

The Home Office has confirmed that letting agents, landlords and employers will be able to use certified new technology to digitally carry out Right To Rent...

12 new revenue streams are yours - if you ask the right question

A webinar being held tomorrow promises to demonstrate how letting agents who ask the right single question to their landlord clients could end up with 12...

Hundreds of new rental homes for the North West

A prominent provider in the Build To Rent sector is to offer over 1,300 new rental homes over three sites in north west England.  Sigma Capital Group...

Controlling Airbnb - England behind the curve, says Propertymark

Wales and Scotland are ahead of the game when it comes to limiting the impact of short term lets on the private rented market, says Propertymark.  But...

Rent rises double in a year according to latest agency data

Rents are rising at around twice the level of a year ago according to data from Connells-owned lettings agency Hamptons. Despite rental growth across Britain peaking over...

Not just city centres - leap into suburbia for Build To Rent

One of the country’s largest Build To Rent operators, Legal & General, has acquired a new scheme from volume housebuilders Countryside.   The scheme is in Great...

London lettings some way from full recovery, says agency

There’s still some way to go for the lettings market to return to its pre-pandemic best according to Knight Frank - and that applies especially in...

Memo to government: Slash stamp duty surcharge to get more rental units

Politicians who express concern over the number of holiday lets and Airbnbs in tourist areas miss one major point - if they slashed stamp duty on...

Returning EU citizens will boost lettings market - agency chief’s view

EU citizens with settled status in the UK, but who have stayed in their native countries during the pandemic, are likely to return here and boost...

Thousands of BTL firms close each year, agency analysis shows

While the number of companies set up by individual landlords to hold buy to lets reached a record high last year, so too did the number...

Agents told - £100,000 new business or get your training money back

Agent Rainmaker is holding another of its ARX Mastery events, in a bid to promote growth in the lettings agency sector - and it’s even offering...

Long-leasehold property management firm snaps up independent

London-based block and facilities services provider SBA Property Management has acquired management agency Paul Samuel Associates. A specialist property management firm with a focus on commercial and...

Tax clampdown on letting second homes confirmed by government

Owners of second homes who abuse a tax loophole by claiming their often-empty properties are holiday lets will be forced to pay under new measures announced...

Agency employee admits “no lawful basis” for using tenant’s data

A member of staff at a Connells-owned branch has been quoted as saying the agency had “no lawful basis” for passing on data about a tenant,...

Plea for tenants in arrears to contact their local council

A senior Welsh politicians has urged anyone who has fallen behind in paying rent because of the pandemic to contact their local authority to find out...

PropTech partnership announced with tenant referencing platform

PropTech companies Kamma and Veri-Check are consolidating an existing partnership. Kamma users can already access Veri-Check’s instant property licensing checks, but in addition can now complete the...

Not glib! Anti-Money Laundering experts emphasise importance

Specialist anti-money laundering service FCS Compliance is beginning its latest series of AML webinars designed for Rightmove members.  What you need to know about being a money...

Trading Standards to stage unannounced letting agency visits

A Trading Standards team is to carry out what it calls “unannounced inspections” of lettings agencies in one part of London - but the local council...

PropTech pledge: Agents can onboard a landlord in under 10 minutes

A PropTech firm is pledging its new service allows agents to complete identity checks, upload the necessary documentation to let their properties, and sign terms of...

Radical rental reform measures to become law in July

A controversial reform programme for the private rental sector in Wales is to go ahead from July 15 this year - despite serious misgivings from landlords...

London rental market strong but growth depends on easier travel

A generally upbeat trading statement from franchise agency giant Winkworth reports that prime London’s rental market’s long term return to normality depends on Coronavirus travel restrictions...

HMRC shock for tenants - some may have to pay stamp duty

A little-known law may require tenants to pay stamp duty on the rental properties they do not actually own. London lettings agency Benham and Reeves says that...

Ex-Boomin and Reapit figure takes new Lettings sector job

Gary Barker - the ex-Reapit supremo who controversially did not take up the role of chief executive at Boomin - is now to be chief technology...

Good news for London's rental market at last

The London rental market stock surplus spurred by pandemic uncertainty has started to subside, with prime boroughs seeing some of the largest reductions in available stock. Letting...

Build To Rent investment to improve rental stock energy efficiency

One of the biggest Build To Rent operators in the UK is investing in new technology with the aim of boosting the energy efficiency of the...

Student accommodation giant reveals figures on Covid recovery

The largest provider of purpose built student accommodation in the UK, Unite, has issued a trading statement giving the latest state of play on occupancy rates. It...

New Covid guidance to letting and estate agents

Propertymark, the main industry trade body, has this evening updated its guidance on Covid safety for letting and estate agents in England.  - Isolation rules - Changes have been made by...

Lib Dems want big rental sector controls ‘to solve housing crisis’

The Liberal Democrats have proposed sharp restrictions on holiday rentals at the heart of the party’s plans to solve the housing crisis. South Lakes MP Tim Farron...

Politicians slam private rentals as “increasingly unaffordable”

A report from the House of Lords has condemned the private rental sector as being ”increasingly unaffordable” as well as being “by far the lowest quality...

Buy To Let lending set to fall back this year - forecast

Buy To Let lending is set to fall back this year, after a hectic 2021. That’s the forecast from the Intermediary Mortgage Lenders Association, which says it...

Six figure deal as independent agency snapped up by franchisee

An agency has made its third acquisition in recent years - this time snapping up a town’s longest established lettings agency. Whitegates in Huddersfield has paid a...

New property group targets landlord and investor clients

A new Midlands property investment group has been launched, and says it will target both investors and landlords. Joseph Mews Property Group - set up by Andy...

New rules for un-vaccinated tenants living with those with Covid

The government is clamping down - at least a little - on unvaccinated tenants in some specific circumstances.  New guidelines issued by the Department of Levelling Up,...

Letting agents warned - implement health and safety laws, or else

A council is warning letting agents to adhere to health and safety laws or else face the legal consequences. Telford & Wrekin Council is reinforcing that message...

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